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For 2021, I made $2400 in Roth Contributions in 2021 for the 2021 Tax Year. In 2022, I made $200 in Roth IRA Contributions for the 2021 Tax Year for a total of $2600 in Roth contributions for the 2021 Tax Year, split into 2400 during Calendar 2021 and 2022 in Calendar 2022 but all for the 2021 tax year. I filed an extension and my brokerage account refunded my excess contributions with earnings split into two payments. One related to the $2400 plus earnings and one related to the $200 minus loss. The 2400 has net income/earnings while the 200 did not.
Do I report the earnings on my 2021 Return even though the calculations were done in April 2022. And do I deal with the $200 in next years return which was actually a $20 loss. The brokerage said I will receive a 1099 next year but nothing now which I thought was odd. I just thought it was odd to get a 1099 for something I would have already reported in a prior year. Any input appreciated. Thanks
I didnt realize I was over for the Roth until I was preparing my tax return in early April as I had some capital gains that put me over.